GameStop’s Rally Resumes | All Eyes On Beyond Meat | Healthtech’s Latest Unicorn

Plus: These Billionaire Donors Spent The Most Money On The 2020 Election

Good morning.

Investors are looking forward to Beyond Meat’s results today. We also look at GameStop shares’ latest, international rally, and at the newest unicorn in the healthtech’s stable.

In The News Today

GameStop shares doubled in value on Wednesday and continued to climb in after-hours trading, with the rally happening not just in New York, but in Frankfurt too. 

Facebook and Instagram have banned Myanmar’s military and military-controlled state and media entities, following the coup against the country’s civilian government.  

Top Take-Aways

Joby Aviation, one of the leaders in the race to field an electric air taxi, will go public through a reverse merger with Reinvent Technology Partners, a publicly listed blank check company controlled by LinkedIn cofounder Reid Hoffman and Zynga founder Mark Pincus.

Investors’ eyes are on Beyond Meat’s fourth quarter results, expected for later today. The alternative protein brand is valued at $9 billion—23-times its revenue, nearly the same as Tesla. But the shares’ wild ride makes the company more akin to Gamestop than the car manufacturer.

Have you heard of “chipageddon”? The global chip shortage is the result of several factors, including the pandemic-induced lockdowns and the trade war between the U.S. and China, and offers a lesson in strategic leadership.

The healthtech sector has been flushed with venture capital money in the past year, and the enthusiasm has not yet vaned. Innovacer has become the latest unicorn in the space after closing a $105 million funding that values the big data healthcare startup at $1.3 billion.

Few beauty companies have been able to adapt to stay-at-home consumers’ demand as well as Madison Reed did, and the results show it—the seven-year-old hair care company reported record revenue in 2020 and just secured $50 million more in funding.

In the latest test for investors’ appetite for 3D printing, Markforged announced its plan to go public in a deal with blank-check company One, founded by Kevin Hartz, Eventbrite cofounder and chairman. After the merger, Markforged is expected to have an equity value of $2.1 billion.

While Facebook, Twitter, and Tiktok make headlines regularly, Snapchat is less in the public eye than its fellow social media platforms. But is its $100 billion valuation too conservative a figure? Here are four reasons why Snapchat could become a $200 billion company by 2025. 

Today's Must Read

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